Which of the Following Statements Is Incorrect

question 14

Multiple Choice

Which of the following statements is incorrect?

• A)An input measure rather than an output measure is selected when computing an overhead rate.
• B)A debit balance in the overhead account indicates that overhead is overabsorbed.
• C)Job order costing accumulates all indirect costs in an overhead account and distributes these costs to individual jobs through the use of an overhead rate.
• D)A prospective overhead rate is set at the beginning of the year and is used to charge overhead to jobs.
• E)Most manufacturing firms will use direct labor hours or direct labor costs to allocate at least a portion of overhead.

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Definitions:

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, affecting daily functioning.

Severely Withdrawn

Describes an individual who is extremely introverted or uncommunicative, often due to depression, anxiety, or another mental health condition.

Feelings Of Ineffectiveness

The sense or belief that one's actions are not producing the desired effect or are lacking in competence and power.

Cognitive Behavioral Therapy

A psychological treatment aimed at modifying negative thoughts and behaviors by challenging and changing unhelpful cognitive distortions.